Record business with gold and silver
As the Degussa gold trade reported, the summer business was a record year for the purchase and sale of gold. From June to August inclusive, sales of gold bars and coins rose by approximately 187 percent. Compared to the same month in August last year, sales increased by 40 percent.
The favorite coin is the South African Krugerrand. The most popular ingot is one ounce or 100 grams. And confidence in gold has been growing not only in recent months, but for years. Thorsten Polleit, chief economist at Degussa, attributes this to the inflation policy of the central banks. This will continue for some time to come, as agreement has been reached.
It is still uncertain, and not included, which crises may still be coming our way. The fact that precious metal traders have also been able to record brisk sales activity in recent months is due to customers who have taken profits.
But also silver coins were bought and sold eagerly. At Degussa, sales of silver bullion coins rose by about 138 percent in the summer months of 2019 compared with the summer months of 2018. The price of silver rose by around 28 percent during this period.
That gold and silver create and maintain value thus seems to have arrived in the minds of investors. An investment in the stocks of silver and gold producers should also be considered.
An investment in Endeavour Silver, for example, could be considered. - https://www.youtube.com/watch?v=P8Kemmobbhg=11s - With four producing silver mines in Mexico, exploration projects in Mexico and Chile, the company is successfully growing. Bluestone Resources likes gold. - https://www.youtube.com/watch?v=FjsHNthG_vs=6s - Its Their Cerro Blanco gold project in Guatemala showed very good drilling results (up to 28.6 grams of gold and up to 186 grams of silver per tonne of rock) and is in the development into production now.
Aktuelle Unternehmensinformationen und Pressemeldungen von Endeavour Silver (https://www.resource-capital.ch/de/unternehmen/endeavour-silver-corp/) und Bluestone Resources (https://www.resource-capital.ch/de/unternehmen/bluestone-resources-inc/).
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